Markets

TOKYO: Mitsubishi Corp, Japan's biggest trading house by revenue, said on Friday (Sep 20) a trader at its Singapore-based unit has lost US$320 million through unauthorised transactions in crude oil derivatives, and the matter has been reported to the police.   The announcement is a blow for the ...

LAS VEGAS: When researchers remotely hacked a Jeep Cherokee in 2015, slowing it to a crawl in the middle of a U.S. highway, the portal the hackers used was an infotainment system made by supplier Harman International. Harman, now part of Samsung Electronics, has since developed its own ......

St. Louis Federal Reserve bank president James Bullard said on Friday he argued for a deeper, half a percentage point cut at this week's Fed meeting because of signs the U.S. economy will slow "in the near horizon," and that manufacturing "already appears in recession."

Apple's latest iPhone 11 range hit stores in China on Friday, with short queues of die-hard fans contrasting with the hundreds who camped out ahead of some previous launches.

NEW YORK: Chinese authorities in the southern city of Guangzhou detained a US pilot for FedEx last week on suspicion of smuggling weapons and ammunition after finding suspected air gun pellets in his luggage, the foreign ministry said on Friday (Sep 20). The man, identified by the Wall Street ......

India's aviation regulator is concerned about several videos on popular Chinese video app TikTok that show flight crew singing and dancing while on duty, and has asked airlines to take action in the interest of passenger safety, a senior official told Reuters.

Britain's Thomas Cook said its banks had ordered the company to find an additional 200 million pounds (US$251 million) of funding in order to guarantee the survival of the world's oldest holiday company.

Belgian police searched the home and office of Dominique Leroy, the incoming chief executive of Dutch telecom firm KPN , to investigate her sale of shares in Proximus , the company she is leaving.

Google will make an additional investment of 3 billion euros (US$3.3 billion) over the next two years to expand its European data centres, Chief Executive Sundar Pichai said in Finland.

MUMBAI: India said on Friday (Sep 20) it would slash corporate taxes to among the lowest in Asia as part of its drive to kickstart the stuttering economy, sending the country's stock market surging as analysts predicted a renewal of interest in the region. Finance Minister Nirmala Sitharaman said ......